Hacker News new | ask | show | jobs
by gedrap 4851 days ago
I really doubt whether bootstrapping your own business is a good idea when you are under great financial pressure which will lead to suboptimal decisions. Getting a 9-5 job to build up a healthy financial situation first might be better idea.

Good luck!

1 comments

I hate to have to agree, but I (mostly) do. Trying to start a business under 2 months' of financial availability is indeed going to put a strain on things.

I don't think, however, that a 9-5 is necessarily the answer. I do think that a freelance consulting gig might be a better option - it would allow OP to get the environment he wants "booted up" ie working by himself, getting into the groove of his schedule, etc. And while it might leave fewer hours per week to work on the bootstrapped business (initially), it will give some flexibility needed and get the $$ flowing again to ease the pressure.

Either way - I love hearing about people taking their destiny into their own hands and going for it -- so good luck OP!

It depends on the level of risk you can accept. 9-5 is not romantic, not heroic and maybe dull - but it gives you stable income (we won't go into cases if employer doesn't pay you). And when there is no back up plan (OP mentioned that parents are not really able to support him financially and 2 months of savings are well...) it is a good option.

In case of freelancing, OP already mentioned that he is not good at getting clients. In addition, the delayed payments and etc are quite likely. Given the savings would last for 2 months - not an option.

And finally, even if the bootstrap business takes off... Let's say you need a month for launching. You have one months savings left. What are the chances that your first startup will generate enough revenue to make a basic living after a month, while about 90% of startups fail?

It sounds romantic and all but when you compare potential outcomes... I really don't want to say that, I am trying to find a different word for that... But it's very naive.